The Chabahar Project was conceived fifteen years ago. But because of US-imposed International Sanctions on Iran, the project stalled for several years. During 2016 Iran reached an agreement on its nuclear program with group of World Powers known as the P5+1 (the permanent members of the United Nations Security Council –the United States, Russia, the United Kingdom, China, and France; plus Germany). The agreement lifted some of the sanctions. The sanctions easement prompted India to invest USD 500 million in an effort to build cargo berths, terminals and connecting roads and rail lines is the foundation of the strategy to improve linkage to Afghanistan and Central Asia.
Recent figures are showing rise in Afghanistan's trade with Iran, but trade with Pakistan is declining due to disturbing political ties, chairman of Pakistan Afghanistan Joint Chamber of Commerce and Industry said Saturday.
The first shipment from India, of wheat, via Iran's Chabahar Port arrived in Nimroz, in the country’s west, on Saturday.
US Embassy Special Chargé d’Affaires Ambassador Hugo Llorens and Chief Executive Officer Abdullah, launched the Second Textbook Printing and Distribution Project, a statement from the US diplomatic mission said on Tuesday.
The Afghan Chamber of Commerce and Industry (ACCI) has said that given the ease of trade with Iran, the trade volume between Afghanistan and its neighbor continues to increase.
Pakistan’s Foreign Office said the country does not regard Iran, India and Afghanistan’s endeavor to use Iranian southeastern port of Chabahar for bilateral trade as an alliance against the country and the China-Pakistan Economic Corridor (CPEC).
The Ministry of Commerce and Industries (MoCI) on Monday said Chabahar port, in south eastern Iran, could become Afghanistan’s primary sea port as it is only 550km from Afghanistan – opposed to Pakistan’s Karachi port which is over 800km from the country’s closest border.
The biggest industrial park, Green Industries, that has been established by an Afghan trader in Kabul’s Deh Sabz district, will be inaugurated within a month.